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161576P.pdf   07/24/2017  American Chemicals & Equipment  v.  Principal Management Corp.
   U.S. Court of Appeals Case No:  16-1576
                          and No:  16-1580
                          and No:  16-1712
   U.S. District Court for the Southern District of Iowa - Des Moines   
[PUBLISHED] [Loken, Author, with Riley and Benton, Circuit Judges] Civil case - Investment Company Act of 1940. In action against the investment adviser retained by the mutual funds in which plaintiff had invested, alleging the adviser had breached its statutory fiduciary duty to the funds by charging excessive adviser fees to the funds, thereby indirectly reducing the net asset values of the funds, plaintiff lacked a cause of action under Section 36(b) of the Investment Company Act of 1940.